Urban Company (formerly UrbanClap) has partnered with Srinidhi foundation (an established charitable trust) to set up a relief fund to provide sustenance support to gig workers and their families over the next few months, till the COVID-19 situation comes back to normalcy.
All contributions will be eligible for 50% deduction under Section 80G of the Income Tax Act. Please read the details below.
Urban Company (formerly UrbanClap), its founders, investors and employees are contributing INR 1.5 Cr. towards this fund
COVID-19 specific income protection and health insurance, in addition to existing life, accidental & health insurance cover. Details
Extending business advances to service professionals to help them during this period
Contributions to the relief fund will be eligible for tax relief under Section 80G of the Income Tax Act for Indian residents and Indian companies. Under this section, 50% of the contributions made towards charitable trusts (Upto 10% of your Adjusted Gross Total income) will be eligible for exemption. We will collect certain details for issuance of the 80G receipt on the payment page.